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Prestige Property – Residence set over harbour beach sold at auction

By Kenn Leong

After 45 minutes of heated bidding, a masterful home (19 Collins Avenue Rose Bay) was recently sold on auction by Ray White Double Bay for over $14 million. The modern day castle was designed by architect Misho & Associates and turns a beachfront property into a contemporary masterpiece. The five-bedroom home seamlessly integrates the living space with the outdoors and poolside entertaining areas that step right onto the sand. It’s no wonder this home was so sought after that night by 6 keen buyers.

This impressive property also boasts a central courtyard with just as lavish harbour views, a master suite that opens onto a balcony, a spa, a glass floor covered pond, stone island kitchen with European appliances and soaring ceilings. Not to mention the under floor heating or every other singe detail in the house.

Now some may think that considering there is talk of a drop in the market, it’s not a good time to make a large investment but in times like this, prestige property is hard to find – and get your hands on, especially such a luxurious spot where each inclusion is notably perfect. That’s why it’s always important to strike while the iron is hot, or in this case… the paddle.

There are a lot of predictions as to what’s going to happen in the market in Sydney in the coming year, but it seems that prestige property is only on the way up for 2016 and it is in fact times like these that opportunity is knocking for buyers. In terms of numbers, Sydney house prices rose 14.8 per cent in 2015, according to Domain Group data. In dollar terms, Sydney’s median house price reached a peak of $1,032,433 in the September quarter, before dropping slightly to $1,013,258 in the December quarter.

It’s hard to tell what these numbers really mean, but in essence, the stability of growth seen last year, has set a new age for buyers in 2016, giving them a chance to get their hands on prestige homes, and despite some gloomy predictions, most commentators are saying otherwise

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